News flash! you cannot save your way to a million dollars
If you save 100 dollars a month for the next 100 years
at today’s interest rate (which is about 0.05%),
you will have a whooping $156,000 to show for it.
Trust me, it is not even worth the effort.
What you need to do is invest it
Yes, the exact same $100 every month
Bonus, you won’t even need to wait 100 years to get to $1,000,000.
If you invest it into the S&P 500 or real estate
Assuming a historical rate of return of about 8 – 10%
You will have a million dollars by year 45